Hub Group Inc (HUBG)

Pretax margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	209,205	282,649	356,185	431,114	467,957	480,711	423,491	322,349	230,910	143,973	117,547	100,669	96,100	104,335	107,912	128,489	143,870	168,201	254,826	244,178
Revenue (ttm)	US$ in thousands	4,195,418	4,499,370	4,831,330	5,194,040	5,341,940	5,319,660	5,039,710	4,619,111	4,237,513	3,925,073	3,774,338	3,571,114	3,487,825	3,435,776	3,423,820	3,566,056	3,660,550	3,778,159	3,798,353	4,056,790
Pretax margin		4.99%	6.28%	7.37%	8.30%	8.76%	9.04%	8.40%	6.98%	5.45%	3.67%	3.11%	2.82%	2.76%	3.04%	3.15%	3.60%	3.93%	4.45%	6.71%	6.02%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $209,205K ÷ $4,195,418K
= 4.99%

Hub Group, Inc.'s pretax margin has shown some fluctuations over the past eight quarters, ranging from a high of 9.05% in Q3 2022 to a low of 4.98% in Q4 2023. The overall trend indicates a gradual decline in pretax margin over this period, with intermittent upticks in certain quarters. The margins have been relatively healthy, staying above the 6% mark for most quarters. However, the decreasing trend suggests a potential concern regarding the company's ability to effectively control costs and generate profits before taxes. Further analysis of the factors contributing to these fluctuations would be necessary to assess the company's financial performance accurately.